동태패널모형에 의한 한국 인바운드 관광수요 분석

• 영문명: An Analysis of Inbound Tourism Demand for Korea Using a Dynamic Panel Data Model
• 발행기관: 한국관광학회
• 저자명: 신범철
• 간행물 정보: 『관광학연구』제37권 제1호, 103~122쪽, 전체 20쪽
• 주제분류: 사회과학 > 관광학
• 파일형태: PDF
• 발행일자: 2013.02.28

영문 초록

This paper empirically investigates determinants of inbound tourism demand for Korea using a dynamic panel data model. The empirical analysis uses the panel data set for the 34 countries over the period 1995-2009, estimating the dynamic panel model by the Generalized Method of Moment to control for the endogeneity of the lagged dependent variable. The endogeneity bias could be caused by the OLS estimation of the model which includes the lagged dependent variable as a regressor. Empirical results are as follows. First, the estimated coefficients of the lagged dependent variable are found to be statistically significant, which may reflect a high degree of consumer loyalty or an important effect of 'word of mouth' in determining international tourism demand for Korea. Second, empirical results show that the estimated coefficient of income elasticity of tourism demand to Korea should be positively significant, supporting the results of the previous studies. Third, the cost of tourism to Korea turns out to be statistically significant and thus an important factor in determining tourism demand. Finally, In contrast to theory prediction that foreign exchange rate can have positive effects on tourism demand, however, there is no robust evidence that nominal exchange rate should lead to an increase in tourism demand.

목차

I. 서론

II. 선행연구 검토

III. 분석 모형 설정과 추정방법

IV. 자료와 추정결과 분석

V. 결론

참고문헌

키워드

고정효과모형 임의효과모형 관광소비자 지속습관 동태패널분석 체계적 일반화 적률방법 문헌연구 Fixed effect model Random effect model Tourist's persistence habit Dynamic panel analysis System GMM Literature review